We are pleased to provide you an opportunity to invest in the Public Issue of Secured Non-Convertible Debentures (NCDs) by Shriram Transport Finance Company Ltd. The bonds carry additional coupon rates for individual applicants and have been rated ‘AA+’ by CARE and ‘AA’ by CRISIL. Instruments with these ratings carry high degree of safety regarding timely servicing of financial obligations and carry low credit risk. The issue opens on July 26, 2012 and closes on August 10, 2012. Please find the details below:
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Features of the Issue:
Options
|
I
|
II
|
III
|
IV
|
Frequency of Interest Payment
|
Annual
|
Annual
|
Cumulative
|
Cumulative
|
Face Value or Issue Price / NCD
|
1000
|
1000
|
1000
|
1000
|
Coupon Rate (%)
|
11.15%
|
11.40%
|
NA
|
NA
|
Tenor
|
3 Yrs
|
5 Yrs
|
3 Yrs
|
5 Yrs
|
Redemption Value per Rs. 1000
|
1000
|
1000
|
1373.19
|
1716.15
|
Special Features:
· Secured in nature.
· Retail applicants can apply in Physical mode as well as Demat mode.
· Rated ‘AA+’ by CARE & ‘AA’ by CRISIL.
About Company:
· India’s largest player in commercial vehicle finance, established in the year 1979.
· Strong brand name & has a network of 488 branches and service centers.
· One of the largest asset financing NBFCs in India with a niche presence in financing pre owned trucks and small truck owners (STO).
· Extensive experience and expertise in credit appraisal and collection processes with experienced senior management team.
· Unique business model and a track record of strong financial performance.
· Consistently making profits and paying dividends.
· Assets Under Management over Rs. 30,000 Crs.
· PAT of over Rs. 1300 Crs for FY 2012.
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